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Economics Professional

ID : 44964

Description: The Economics Professional program presents basic concepts necessary to an informed understanding of the economy. Starting with individual consumer behavior and corporate actions, the program moves on to explain both micro- and macroeconomics and the interplay between these 2 perspectives in terms of output, unemployment, inflation, productivity and growth. The effects at the micro level are different to those at the macro level, but sometimes they can also run in parallel and students will study the different ways in which all aspects of the economy are affected.

This extensive program Introduction assumes students are new to the study of economics outlining economic theory and moving through analysis of supply and demand, government action, competitive markets and different types of economic markets that present unique challenges. This program encompasses economic principles (both microeconomic and macroeconomic) and problems. The purpose of the program is for students to develop a logical, conceptual, and analytical understanding of economic principles and to deal with problems associated with the allocation of resources, decisions made by consumers, production by firms, and pricing in various market conditions, government actions in markets, measuring aggregate output, economic growth, employment and unemployment, money and banking, and fiscal and monetary policies intended to achieve economic goals.

Instructor Description: This class supported by an Educational Mentor. Our educational mentors have worked or are working in the subject they mentor. Educational Mentors reviews student work, student progress, and interacts with students as needed. They respond to any questions or concerns you might have, as well as encouraging and motivating you to succeed.Patricia has a degree in Medical Assisting from The Career College of Northern Nevada, Dental Assisting from the Community College of the Air Force, and is currently working on her B.S. in Criminal Justice Studies from Grand Canyon University in Arizona. She has over 10 years of experience working in doctors’ offices and has been an Air Force Reservist since 2009. She has worked as an instructor for multiple schools over the last 4 years teaching medical and dental assistant curriculum, as well as OSHA safety requirements and career development.

RequirementsThis program does not require any additional purchases of supplementary materials.

Analyze the economic way of thinkingExplain how free and competitive markets allocate resources efficiently through the interaction of supply and demandEvaluate the different effects caused by changes in demand and supply conditionsAnalyze how government actions affect marketsEvaluate the effects of trade on the economyAnalyze the effects of externalitiesAnalyze a firm’s cost of productionAnalyze firm behavior in perfectly competitive marketsDifferentiate between monopoly, monopolistic competition, and oligopolyMeasure components of the macroeconomyAnalyze the factors influencing economic growthContrast fiscal and monetary policyAnalyze the economic way of thinkingExplain how free and competitive markets allocate resources efficiently through the interaction of supply and demandEvaluate the different effects caused by changes in demand and supply conditionsAnalyze the measurements of gross domestic product and inflation as key indicators of aggregate economic performanceExplain the significant relationships between employment and output in the short and long runsAnalyze the differences in growth rates over time and between economiesExplain how the financial markets function to allocate loanable funds and determine interest ratesOutline the key components of the U.S. monetary systemAnalyze changes in the supply of and demand for moneyExplain how changes in aggregate supply and aggregate demand result in business cyclesAnalyze economic policy using the aggregate expenditure multiplierAnalyze the relationship between inflation and unemployment in the short runAnalyze the demand and supply effects of fiscal policy on employment and gross domestic productAnalyze the objectives and tools of the Federal Reserve’s monetary policyAnalyze the effects of government policies in international marketsAnalyze the economic way of thinkingExplain how free and competitive markets allocate resources through the interaction of supply and demandEvaluate the different effects caused by changes in demand and supply conditionsEvaluate the models used by economists to explain how efficient production decisions are made in an environment of scarcityEvaluate the impacts of government actions in markets on efficiency and fairnessAnalyze the impacts of taxes on consumers, producers, employers, and workersEvaluate the benefits and costs of international tradeAssess the provision and importance of public goodsEvaluate methods of efficiently dealing with negative externalitiesDetermine how rational consumers make choices to maximize their satisfactionAnalyze a firm’s short-run and long-run costsAnalyze the decisions made by a firm operating in perfectly competitive marketsAnalyze the behavior of a monopolyEvaluate how firms in monopolistic competition and oligopoly determine their profit-maximizing strategiesEvaluate the way factor markets determine a society’s distribution of incomeUse Microsoft Office